Alinma Bank Net Was 390 Million Riyals From May 26 to Dec. 31

By Glen Carey

Jan. 11 (Bloomberg) -- Alinma Bank, the start-up Saudi Arabian Islamic bank that raised $2.8 billion in an April stock offering, reported a net income of 390 million riyals ($104 million) for the period from May 26 to Dec. 31.

The earnings per share for the period was 0.26 riyal, the bank said in a statement to the Saudi bourse Web site late yesterday.